http://education.cardhub.com Mon, 11 Jan 2010 05:24:54 +0000 http://backend.userland.com/rss092 en Usury laws specify the maximum legal interest rate at which loans and credit card accounts can be extended.  A bill for one such law is soon to be introduced to the House of Representatives and would cap the interest rate on all credit card accounts at 16%.  While the goal ... http://education.cardhub.com/credit-cards-usury-laws/ There will be several.  2010 will usher in the end of  “gotcha” rate hikes, which for so long have surprised consumers.  This and other changes, that are the result of the CARD Act, will cause the negative sentiment most consumers and Congress have towards the credit card industry to dissipate ... http://education.cardhub.com/credit-card-market-2010-forecast/ Yes.  You don’t have to have a credit card to have bad credit. If you have or have had a student loan, auto loan or mortgage that you have been late making payments or defaulted on, then your credit score would have been negatively affected.  Likewise if you have had ... http://education.cardhub.com/credit-report-and-credit-cards/ Your new credit card will show up on your credit report roughly a month after you receive the card in the mail.  This first record of your new account on your credit report will mark the end of your first billing cycle.  Each credit card company reports according to its ... http://education.cardhub.com/credit-cards-first-billing-cycle/ Credit card companies report you as being delinquent to the three major bureaus after you have been late on your payment for 30 days or more.  In your case, you have been late for 67 days, so your credit score will have already been affected.  Your credit card issuer reports ... http://education.cardhub.com/late-payments-credit-effect/ The minimum deposit needed to open a secured credit card account is $200.  However, with a secured card, your security deposit represents the amount of credit that will be extended to you, so the higher the deposit the higher the credit line.  The activity on a secured card is reported ... http://education.cardhub.com/secured-card-minimum-deposit/ There are no credit cards that you can apply for with a co-signer.  All credit card offers, terms and interest rates are based on the credit history of the individual.  Credit cards are not like auto loans or home loans, in which cases, co-signers are allowed.  If you are unable ... http://education.cardhub.com/credit-cards-co-signers/ When you fill out a credit card application the credit card issuer will check all three major credit bureaus – TransUnion, Experian and Equifax.  Your credit report should be very similar or the exactly the same across all three bureaus.  If it is not, you may want to check for ... http://education.cardhub.com/credit-card-application-credit-check/ Given that you have excellent credit, you may be able to get a very low or zero percent introductory interest rate on a balance transfer credit card.  Before you fill out your new credit card application, make sure you can afford the standard APR associated with the card.  This will ... http://education.cardhub.com/credit-cards-balance-transfer-offers/ You don’t need a co-applicant to get approved for a secured credit card.  A secured credit card will help you build credit history with both low risk to you and your lender.  The only difference between a secured card and a regular credit card is that with a secured card, ... http://education.cardhub.com/secured-credit-cards-requirements/